Gold and Silver Slightly Declined on Monday –Recap December 19

Major commodities prices started the week with moderate changes after the sharp declines precious metals and energy commodities prices had had during last week: Gold and silver prices slightly declined; Crude oil prices moderately rose; natural gas (Henry Hub) prices continued to decline. Major currencies such as the Euro and AUD depreciated against the US dollar. Here is a summary of the price developments of precious metals and energy commodities for December 19th:

Precious Metals Prices:

Gold price slightly declined on Monday by 0.08% and reached $1,596.70; Silver price also decreased by 2.69% to reach $28.87. During December, gold price declined by 8.8%, and silver price by 11.98%. 

The Euro depreciated again against the US dollar by 0.36% to 1.2999. The US Dollar also appreciated against other currencies such as the CAD.

Oil and Gas Prices:

WTI oil price rose yesterday by 0.37% to $93.88 per barrel; Brent oil price also inclined by 0.26% to $104.33 per barrel;

Due to these changes, the gap between Brent oil price and WTI oil prices slightly shrunk to $10.45/bbl. During the month, WTI oil price declined by 6.5%, and Brent oil price by 6.3%.

Natural gas Henry Hub future price (January delivery) slipped by 0.96% to $3.10/mmbtu. The Henry Hub spot price also decreased by 0.33% to $3.02/mmbtu; the difference between the spot and future price slightly dropped to $0.08, i.e. Contango.

A Summary of Yesterday’s Prices Changes:

The table below includes: closing prices, daily percent change, and change in prices and indexes in USD (except for USD/CAD, in which the change is in Canadian dollar):

 Gold price and Silver prices Crude oil prices, Natural gas spot price 2011 December 19

For further reading:

Weekly Analysis and Outlook:

Monthly Analysis and Outlook: